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Monday, December 9, 2013

When you are looking for an accountant or an accounting firm in Singapore, there are
a few things to consider during your search and interview process. Your primary goal is to find out three major
factors which include services, fees, and personality.

Most accounting firms you encounter will offer basic tax and
audit services. This is a given for just
about any accountant or accounting firm you come across. However, what additional services do they offer? Will they aid in bookkeeping or estate
planning? Can they help you with coming
up with a financial information system?
Some CPAs will also offer additional services that include the analyzing
of transactions for financing and loans and even managing investments and
providing representation in front of tax authorities.

Usually entrepreneurs will be better off with smaller
firms. However, these smaller firms may
not always offer all the services you need.
Be sure that whichever firm you are considering offers all the services
that you will be needing. The firm
should also have some experience working with small businesses within your
niche or industry.

Fees will be a huge deciding factor when choosing an accountant. What you need to do is find out about any
fees upfront. Most firms will charge you
by the hour, and fees can range from as little as $100 to over $300 an
hour. There are also some accountants
who are willing to work on a monthly retainer basis. Calculate the likely costs and be sure to get
quotes from several accountants.

If you can, try to find out how much each accountant will
charge you on a yearly basis based upon the services you will require. You should also be sure to ask for
references.

Lastly, you want to make sure that you are compatible with
your accountant. Your accountant's style
is something that you should be comfortable with. He or she should also not be pressuring into
things that make you uncomfortable.
After all, they are working for you and not the other way around.

There are many other factors that can come into play, but
these three main factors should weigh heavily on your decision. Choosing an accountant can be tough, but a
good accountant can help you and your business reach higher than you thought
possible. It is well worth the time and
effort.